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What the DOJ Subpoenas Mean for the Fed
Posted
January 12, 2026
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12,559
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January 12, 2026
12,559
319
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1:37Now PlayingOn Sunday night, Federal Reserve Chair Jerome Powell announced that the US Department of Justice had served the Fed with grand jury subpoenas threatening a criminal indictment over a costly renovation of the central bank’s building.
It was a watershed moment in the escalating tension between the Trump administration and the US central bank.
On today’s Big Take podcast, host David Gura sits down with Fed reporters Amara Omeokwe and Enda Curran to discuss what this means for one of the most important financial institutions in the world, for Powell, for the White House — and where things could go from here.
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